# PPP loan: LUTHER RICE COLLEGE
> **$562K** approved 06/24/2020 · Paid in Full · Loan `2922798010`
## Borrower
- **Name:** LUTHER RICE COLLEGE
- **Address:** 3038 EVANS MILL RD, LITHONIA, GA, 30038-2418
- **NAICS:** 611310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $564K (100%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $562K
- **Jobs reported:** 82
## Lender
- **Originating:** Southern Independent Bank
- **Servicing:** Southern Independent Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*